Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 122.44 | +0.0048 | pay 0.0006% / 1h | 58m 34s | $379K | $170K | 20x | Long Popdex | |
| SHORT | 122.32 | +0.0168 | get 0.0021% / 1h | 58m 34s | $302K | $2.2M | 10x | Short Extended10% off |
Price gap−0.098%
Funding gap+0.0120% /8h
Funding pays +$4 a day on $10k, but the gap is 0.055% under its 7d average: −$6 if it goes back, about 37 hours of funding. At the last 7 days' pace that is about 9.1 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$4+0.0120% /8h now · paid +0.042% over the last 7D
Price−$6spread −0.098% now, avg −0.043% → −0.055% if it goes back
Costs−$250.250% of $10k · taker + slippage, in and out
Result−$26−0.26%+ Points / potential airdropExtended: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.098%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hINTC on 37 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- OK: Fits both order books6.6 / 4.1 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $1,000Popdex 20x, Extended 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$3.60Long Popdex: 24 payments, −$1.44; short Extended: 24 payments, +$5.04.
- Watch: Gap narrower than usual−0.098% vs −0.043%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$302K vs $379K OIExtended sets your exit cost. Check its book before closing.
- OK: Points on a legExtended pointsVolume here counts toward the points program.
- OK: No KYC on either legPopdex No · Extended NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0020%/8h × 21 periods+$4.24
Price spread−0.098% → −0.043% (7d avg)−$5.51
Slippage, 4 orderslive order books−$13.60
Fee Popdex bp × 2 orders−$6.40
Fee Extended bp × 2 orders−$5.00
Net · 7 days · $10k−$26.26
Costs to cover0.250%Break-even50.3 days
Slippage: Popdex: live order book, 14 min ago; Extended: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex1.646.6 bp−$714.7 bp−$147doesn’t fitdoesn’t fit
SELL · SHORTExtended0.044.1 bp−$413.4 bp−$134doesn’t fitdoesn’t fit
Closing costs about the same again.
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